Encore Capital prices $750M senior secured notes

* Encore Capital Group (ECPG [https://seekingalpha.com/symbol/ECPG]) priced [https://seekingalpha.com/pr/20510173-encore-capital-group-inc-announces-pricing-of-upsized-senior-secured-notes-offering] upsized 6.625% senior secured notes of $750M principal amount due 2032, upsized from $550M, at an issue price of 100.00% in a private offering.
* The company plans to use the proceeds, along with revolving credit facility borrowings, to fully redeem its $500M 9.25% senior secured notes due 2029, partially redeem €200M of its €415M floating rate notes due 2028, and cover related fees, expenses, and underwriting discounts.
* The transaction does not change its FY2026 guidance provided on May 6, 2026.

MORE ON ENCORE CAPITAL

* Encore Capital Group, Inc. 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4901755-encore-capital-group-inc-2026-q1-results-earnings-call-presentation]
* Encore Capital Group, Inc. (ECPG) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4901481-encore-capital-group-inc-ecpg-q1-2026-earnings-call-transcript]
* Encore Capital Group, Inc. (ECPG) Presents at 47th Annual Raymond James Institutional Investor Conference - Slideshow [https://seekingalpha.com/article/4879726-encore-capital-group-inc-ecpg-presents-at-47th-annual-raymond-james-institutional-investor]
* Encore Capital plans to raise $550M in senior secured notes offering [https://seekingalpha.com/news/4590450-encore-capital-plans-to-raise-550m-in-senior-secured-notes-offering]
* Encore Capital GAAP EPS of $3.86 beats by $0.85, revenue of $475.41M beats by $29.15M [https://seekingalpha.com/news/4587796-encore-capital-gaap-eps-of-3_86-beats-by-0_85-revenue-of-475_41m-beats-by-29_15m]